Pickup Company acquired 100 percent of the voting common shares of Sedan Corporation by issuing bonds with a par value and fair value of $200,000. Immediately prior to the acquisition, Pickup reported total assets of $600,000, liabilities of $370,000, and stockholders equity of $230,000. At that date, Sedan reported total assets of $500,000, liabilities of $300,000, and stockholders equity of $200,000. Included in Sedans liabilities was an account payable to Pickup in the amount of $50,000, which Pickup included in its accounts receivable.

Based on the preceding information, what amount of total assets did Pickup report in its balance sheet immediately after the acquisition?

a: 1,100,000

b. 1,000,000

c. 800,000

d. 1,600,000